The Company was declared as the Successful-Bidder by the Employer namely, The Iranian Marine Industrial Company (IMI Co.), on December 23rd, 1992. The Contract was worth 33 million USD. The scope of the work under this Contract was as follow:
- Construction of a platform behind the ship elevator.
- Construction of dry berths, track cranes and transfer yard.
The project included 180,000 m3 of concrete work and over 9,800 tons of reinforcing steel. The site was situated 30 km west of Bandar Abbas. The amount of this contract, which was initially worth 33 million USD, was increased to 65 million USD. The Project was handed over to the Employer in Oct. 1996.